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Monday, March 4, 2024

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Wall Street opens with losses and the Dow Jones down 0.15%

New York, .- Wall Street opened Monday with losses and the Industrial Dow Jones, its main indicator, fell by 0.15%, in a start of the week in which the US trade tensions re-weigh with China and Mexico

Half an hour after the start of operations, the Dow Jones remained 37.03 points, up to 24,778.01, while the selective S & P 500 fell 0.21%, or 5.80 units, to 2,746.26.
The composite index of the Nasdaq market, in which the main technological groups are listed, fell by 0.67% or 49.60 points, to 7,403.54.

Although in a way adjusted, there was a majority of corporate sectors that operated in green at this time and the biggest promotions were for materials (0.76%), followed by energy (0.70), sanitary (0.30). ) and public services (0.23%).
In the negative area, the communications sector stood out (-2.36%), non-essential goods (0.97%) and technology (0.21%).

The New York Stock Exchange opened in green initially, but shortly after it went to red mainly due to China’s latest reaction in the tariff negotiation with the United States, according to analysts.

The Chinese government said yesterday that the United States, with its “exorbitant demands”, is responsible for the stagnation of trade negotiations between the two powers, although it confirmed that the Asian giant is willing to continue working to reach an agreement that ends the dispute.

A day after the last tariff measure that China launched in response to that imposed by the government of Donald Trump came into force, the Asian giant published yesterday a document that takes stock of what happened in recent months.

Thus, the Chinese government denied the accusations that it has taken steps backwards in the trade negotiations with the US and assures that the main stumbling block to advance is that that country asks more and more.
“The more the government of the United States offers itself, the more it wants,” he says in the document in which Washington is asked to assume “the responsibility” that talks between the two countries have stalled in recent weeks.

Commercial worries shake Wall Street again today after President Donald Trump also threatened last week to impose a 5% load on all imports from Mexico.

In this context, a portion of the 30 components of the Industrial Dow Jones were in the green zone, leading corporate profits such as Apple (1.13%), Verizon (1.12%), Walgreens Boots (1.12%), Chevron (0.95%) and Nike (0.60%).

At the bottom, the leading companies were Boeing (-2.30%), Microsoft (-0.99%) and United Health (-0.65%).

In other markets, Texas oil rose to $ 54.27 a barrel, gold rose to $ 1,318.80 an ounce, the yield on the 10-year Treasury bond fell to 2.10% and the dollar lost ground to the euro, with a change of 1,120. (EFEUSA)

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